New Theory of Monetary Quantity

Author: Lin Jikun
Publisher:
Publish Date: 2004-05-01
Features: The book "New Theory of Monetary Quantity" written by the renowned economist Professor Lin Jikun applies the basic principles and analytical methods of Marxist monetary theory. Building on a summary and critique of monetary quantity theories from the late 17th century to the present, it combines the realities of modern market economies and China's socialist market economy to conduct a comprehensive and systematic study of monetary quantity—a key and independent economic variable in market economies. The book proposes new theoretical insights and policy recommendations regarding the role, formation, operation, laws, and regulatory mechanisms of monetary quantity in market economies. Through a fresh theoretical perspective, rigorous logical analysis, and well-structured organization, it reveals the objective laws governing monetary quantity and its circulation under market economy conditions to readers.
The establishment of any economic theory cannot be separated from summarizing, critiquing, and absorbing the research achievements of predecessors, nor can it be divorced from diagnosing, understanding, and summarizing the realities of economic operations. Only in this way can new theoretical insights and systems distinct from, yet progressive over, previous ones be refined, along with new policy recommendations and proposals that are closer to reality, more practical, and more enlightening. Therefore, the research in "New Theory of Monetary Quantity" inevitably diverges from and engages in debates with Western monetary quantity theories that have been popular or are currently popular in many aspects and perspectives on issues. In terms of policy recommendations and viewpoints, it also presents significant innovations compared to the views and understanding of scholars both domestically and internationally, as well as policy makers.
"New Theory of Monetary Quantity" synthesizes the achievements of monetary quantity theory research and serves as an important reference for economic and financial theory researchers, faculty and students in finance majors, and policymakers on monetary policy. It is an invaluable textbook for senior undergraduate students in finance majors and candidates preparing for postgraduate entrance examinations.